Q1 2023 Randstad NV Earnings Call Transcript

Apr 25, 2023 / 07:00AM GMT
Operator

Hello, and welcome to Randstad First Quarter Results 2023 Conference Call. My name is Priscilla, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions) I will now hand you over to your host, Mr. Sander van't Noordende, the CEO, to begin today's conference. Please go ahead, sir.

Alexander M. van't Noordende - Randstad N.V. - Chairman of Executive Board & CEO

Thank you very much, Priscilla for that kind introduction, and good morning, everybody. I'm here with Jorge and Bisera and Akshay from Investor Relations, and I'm pleased to share our Q1 results with you.

I would say overall, I'm pleased with the resilient performance that we delivered in the first quarter in a challenging macroeconomic environment across our markets. We have adapted well to this operating environment. Revenue growth for the quarter was minus 4.2%. Our enterprise solutions grew by 5%, in-house business grew by 1%, professionals was down 1% and staffing was down 8% in the quarter. Gross profit was down 2

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